Our real estate capability across Europe and beyond · BILFINGER & BERGER Advising on a hotel...

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An overview

Our real estate capability across Europe and beyond

CMS provides a deep local understanding of legal, tax and business issues and delivers client-focused services through a joint strategy executed locally across 27 jurisdictions with 53 offices in Western and Central Europe and beyond. CMS was established in 1999 and today comprises nine CMS firms, employing over 2,400 lawyers and is headquartered in Frankfurt, Germany. This is combined with a substantial degree of business and operational integration that is a prerequisite for effective international work. CMS provides clients with:

integrated services across borders managed by a single point of contact in the client’s ‘home’ —country and operating to consistent standards of service;real estate lawyers who work and train together with cross-border standard documents; and —full service across the CMS organisation including strong real estate capability. —

Client-based solutions

CMS is the organisation of European law and tax firms of choice for organisations based in, or looking to move into, Europe.

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Austria

Belgium

Bulgaria

China

Croatia

Czech Republic

England and Wales

France

Germany

Hungary

Italy

Morocco

The Netherlands

Poland

Romania

Russia

Scotland

Slovakia

Spain

Switzerland

Ukraine

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Guiding you through the issues We also see it as our role to keep you abreast of issues that will impact your business across Europe and beyond. A few examples of where we can help are:

Standardised documentation – we are leading the way in the development of —a standard European lease that can be adapted to each relevant jurisdiction, allowing a comprehensive comparison of different investments – a saving of time and money.Real estate investment values – to achieve a true comparison of real estate —investment values across Europe, transaction costs and taxes need to be taken into consideration. To help our clients, we have produced a pocketsized guide comparing these costs across many European countries.Structuring of funds and tax issues across Europe and beyond – we can —advise you on the main tax issues when you are looking to invest in or build real estate in a particular jurisdiction.Seminars – CMS firms regularly host real estate-related seminars on pertinent —investment issues. We will ensure that you are invited to any future seminars that may be of interest.

A services across Europe and beyond

This brochure gives you a brief overview of our real estate experience and capabilities. Known for the quality of our pan-European work, CMS’ real estate clients also benefit from that same quality and expertise in emerging markets outside Europe.

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6 | Our real estate capability across Europe and beyond

For years the real estate and construction team of CMS Reich-Rohrwig Hainz has been one of the leading practices in Austria.

Our team works for a wide variety of domestic and international clients, carrying out the full range of property services, and is regularly involved in many of the leading property transactions in Austria and abroad.

The team hasthe critical mass to conduct the largest of property transactions; —significant experience in relation to a range of property-related issues; —a reputation as one of the leading real estate practices in Austria; and —advised on the highest profile real estate deals in Austria. —

Its strength is simply the consistent provision of high-quality advice.

Client remark, Chambers Europe, 2010

Austria

www.cms-rrh.com

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Some of our recent work

STARMAN HotelsAdvising on several hotel projects in Vienna and abroad

Westfonds ImmobilienanlagegesellschaftAcquisition of various office premises in Vienna

CBRE InvestorsAdvising on a development of an office complex in Vienna

IBV (Immobilienbeteiligungs- und Vertriebsgesellschaft)Advising on the sale of a real estate project in Vienna

BILFINGER & BERGERAdvising on a hotel project in Salzburg

PORRPermanent advise on various construction projects in Austria and abroad

Brenner BasistunnelAdvising on a variety of legal issues regarding this 55 km railway tunnel connecting Austria and Italy which is among the largest infrastructure projects in Europe

A5 State HighwayAdvising a client involved in the largest Austrian highway project, the EUR 1 billion highway connecting Vienna with Brno (Czech Republic)

Contact us

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbHNikolaus WeselikT + 43 1 40443 2250 F + 43 1 40443 92250 E [email protected]

Johannes Hysek T + 43 1 40443 3200 F + 43 1 40443 93200 E [email protected]

www.cms-rrh.com

Facts and figures

Located in Vienna, Belgrade, —BratislavaBrussels, Kyiv, Ljubljana, Sarajevo, —Sofia and Zagreb19 partners and over 125 lawyers; —24 lawyers in the real estate team

Languages: English, German, —Bulgarian, Croatian, Czech, Macedonian, Russian, Serbian, Slovak, Slovenian and Turkish


Energetic and fully integrated, CMS DeBacker is one of the leading Real Estate practices on the Belgian market. Safe pairs of hands for the most demanding legal and tax issues.

CMS DeBacker advises local and international developers, investors, creditinstitutions and public authorities on key aspects of real estate transactions:risk assessments, structuring, negotiation, etc. We combine strong internationalexpertise with long-standing local know-how and intelligence.

The team hasintegrated know-how regarding acquisitions, financing, tax, town planning —and environment;extensive experience in the field of real estate investment and finance, —demonstrating considerable expertise in:

choice of the legal and tax structure adapted to the needs and strategy ∙of our clients;choice of the location of the project taking into account the local ∙legislation with respect to inter alia town planning, environment and taxation;sales and purchases of properties through asset and share deals; ∙property finance; and ∙property management. ∙

Bruno Duquesne leads the four-partner practice at CMS DeBacker that clients rate for its ‘response times and accurate knowledge’.

Legal 500 EMEA, 2010

Belgium

www.cms-db.com

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Contact us

Belgian Federal GovernmentSale and leaseback of a portfolio of 62 buildings to a Belgian REIT through an open bid procedure (EUR 600 million)

CalyonFinancing of the acquisition and development of two conference centres in Belgium and France (EUR 72 million)

Private UK investorAcquisition and (re)financing of several large office and retail portfolios (EUR 1,700 million)

Aareal Bank and a consortium of banksRefinancing of a large credit facility to a large Belgian developer (EUR 250 million)

KBC Bank and a consortium of banksFinancing of a major office project in Brussels (EUR 215 million)

Value retailFinancing of a factory outlet development in Flanders (EUR 50 million)

Royal Bank of ScotlandFinancing of the acquisition/manage-back of two Marriott hotels by Host Hotels & Resorts (EUR 72 million)

PruPIMAcquisition of an 3,000 m² office building in Brussels

Bouygues ImmobilierConstruction of a 261 units housing project in Brussels

KlépierreInvestment in a major commercial centre in the Brussels vicinity

WestImmoAdvising WestImmo on the funding of the acquisition of a EUR 70 million office building in Brussels

Honeywell, Amlin, AMP and other corporate occupiersActing for a number of corporate occupiers in the (re)negotiation of occupancy agreements

IG ImmobilienConclusion of a long term lease with the Dutch Embassy in Brussels’ CBD

CMS DeBackerBruno DuquesneT +32 2 74369 40F +32 2 74369 01E [email protected]

www.cms-db.com

Facts and figures

Located in Brussels and Antwerp —80 lawyers and 10 in the real —estate teamLanguages: English, Dutch, French —and German


For its six-year presence in Bulgaria, the real estate team of CMS has become one of the leading firms for foreign investors in the country.

Our offices in Sofia enable us to further enlarge CMS’ know-how andcompetence in Eastern Europe. Our local lawyers offer first-class advicein Bulgarian, as well as in German, English, Russian and other languages.CMS Sofia offers a one-stop-shop service at a level to be expected froman experience international law firm. We provide comprehensive solutionscombining local competence with international expertise and are knownfor the first-class service to its clients.

The team hasa strong experience:

in the fields of investment sales and purchase; —in project financing for the acquisition of real estates, —including securing of lending;in the lease of real estate; —in project management issues; and —in building contracts and construction/procurement issues. —

The level of service we have been afforded has been truly exceptional’, states one client.


Bulgaria

www.cms-cmck.comwww.cms-rrh.com

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Bank Austria Creditanstalt AGFinancing the acquisition and construction of office —buildings and shopping malls in Sofia

Erste Bank der österreichischen Sparkassen AGFinancing the acquisition of a cargo centre in Sofia —

Landmark BulgariaConstruction of office buildings in Bulgaria and —acquisition of real estates

Landmark Property Management S.A.Advised Landmark in the sale by way of competitive bid —process of Landmark’s property portfolio in Bulgaria, Croatia and Turkey to Bridgecorp Plc. The sale involved more than a dozen companies over a half dozen jurisdictions The deal value was EUR 210 million, which makes it the largest real estate deal in Bulgaria to date and also the first MBO in the real estate sector in the country

Tishman InternationalCMS Sofia is advising Tishman International on one of —the biggest investment projects in Bulgaria budgeted at EUR 250 million. The project involves the acquisition of real estate assets located 300 metres from the new Sofia airport terminal for the development of a multi-purpose mix of offices, logistics, hotel and storage facilities

Land America – Varna Shopping Centre ProjectCMS Sofia advised insurers Land America Financial —Corporation Inc., in relation to a shopping centre project located in the tourist region of Varna, Bulgaria

Miller Developments International

Advising on the complex negotiations for the —acquisitions of a mall in Bulgaria

Gort Holdings LimitedAdvised on the sale and leaseback agreement with —EFG Postbank for the refinancing of one of the largest hotels in downtown Sofia, Bulgaria

Land America – Business Park Sofia ProjectCMS Sofia advised Land America in relation to the —Business Park Sofia Project, at the time the largest property develop ment in Bulgaria

Leading Real Estate Advisers – Retail Park Development

Advising a leading New York based Real Estate —Company in relation to a proposed retail park development near Sofia with joint venture partner

Iberdrola InmobilariaAdvised on the acquisition of approximately —126,000 m2 of land on the Black Sea coast for the development of a tourist resort consisting of hotels and residences. The acquisition involved complex negotiations with multiple sellers and advice on the new Black Sea coast development law. We also assisted the client in the planning and design stage of the project, providing overall advice on real estate and construction, corporate and commercial matters.

Bridgecorp Plc

Advising on the purchase of land and development —rights for the construction of a Bourgas Mall – a deal of approximate value EUR 59 million and on the subsequent preparation of leasing agreements and relevant documentation.Advising on the the refinancing and financing of —the construction and development of a commercial, administrative and entertainment complex under the name “Bulgaria Mall” by way of an investment loan in the amount and a revolving loan provided by a Greek bank.


Contact us

CMS Sofia operates in Bulgaria as:Petkova & Sirleshtov Law Officein cooperation withCMS Cameron McKenna LLPJenia RusanovaT + 359 2 92348 53F + 359 2 92199 19E [email protected]

Pavlov and Partners Law Firmin cooperation withCMS Reich-Rohrwig HainzGentscho PavlovT +359 2 92199 21F +359 2 92199 29E [email protected]


Facts and figures

Located in Sofia —8 lawyers in the real estate team —Languages: Bulgarian, German, —English and Russian

Acting on the acquisition of a land plot in the village —of Gorni Lozen, near Sofia, for the construction of a logistic centre on the acquired real estate. we are preparing and negotiating the lease agreement.

Merrill Lynch International – Logistics / Warehouse

Development Advising Merrill Lynch International —(London) and joint venture partner, Pinnacle in relation to a commercial real estate development near the towns of Kostinbrod and Bozhurishte, Bulgaria

Ministry of Regional Development and Public WorksOur senior associate Jenia Rusanova was a member of —the working group who helped the ministry in the preparation of the new road infrastructure legislation. Jenia coordinated the preparation of a comparative study for the Bulgarian Ministry of Regional Development and Public Works on the expropriation procedures in Europe, aimed to support the Ministry in introducing legislative amendments required to facilitate the implementation of its large roads infrastructure projects. She collected responses from more than 20 jurisdictions.

GTCAdvising on the leasing process in GTC Galleria Malls, —located in 4 Bulgarian cities, including drafting of standard lease documentation; negotiations with potential tenants, preparation of specific lease agreements and ancillary documentation; comments on any other related matters

Sofia Outlet Centre

We are advising the client on their project for —constructing the first outlet in Sofia and for letting the space. We prepared a standard lease agreement as well as individual lease agreements for the area


CMS, China real estate legal experts have supported international developers, financiers, investors and end-users on transactions worth many billions of dollars in aggregate.

We have a strong track record of providing clients the full spectrum of legal services in support of their businesses.

Our Real Estate Group in China is comprised of well respected legal experts from China and Europe, who provide you local and cross-border services in a range of languages.

The team hasspecific local China knowledge; —multidisciplinary expertise – including corporate, tax, banking and insolvency; —the ability to develop strong teams with clients; —detailed knowledge and experience within all areas of law; and —a proactive and business-oriented approach. —

China

www.cmslegal.cn

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Contact us

World’s second-largest luxury groupAdvising on a complex multi-million euro real estate project in a historically protected site in Shanghai. We held frequent discussions and negotiations with local authorities

Globally recognised real estate services providerAdvising on restructuring of the client’s operations in China

Singapore real estate firmAdvising on the acquisition of a shopping mall in Beijing with over 90,000 square metres of leasable space

International fashion outlet operator Advising on the establishment of a joint venture with a Chinese listed company, and assisting the client through a project involving 70,000 square metres of real estate, including bidding procedure, purchase of land usage rights and lease contracts

International investment fundAdvising on asset acquisition projects in Shanghai and Hainan Province, including purchase financing and mortgage arrangement as well as conducting legal due diligence for proposed real estate and hotel acquisition projects

Major real estate investment companyAdvising on domestic and offshore structuring of the client company and the structuring of a real estate development project in an industrial park

Swiss investment companiesAdvising on the first ever low carbon construction project in China

CMS, ChinaSteven ShoneT +86 21 6289 6363F +86 21 6289 9696E [email protected]

George JiT +86 21 6289 6363F +86 21 6289 9696E [email protected]

www.cmslegal.cn

Facts and figures

Located in Shanghai —Two partners and six associates —Languages: Mandarin, English, —German, Russian, French and Farsi


It’s all about Commercial Property… over the last six months CMS Zagreb has assisted clients in acquiring more than three million square meters of coastaldevelopment area… and five million more are pending.

CMS Reich-Rohrwig Hainz, Zagreb, was established in 2003. We handlemostly foreign investment issues for our international clientele. As Croatiahas been identified by many international publications as a promisingtarget for property, about 50% of our work is property-related. We adviseBritish, French, German and Austrian investors on their – compared to localstandards – relatively large investments into various sectors of the Croatianeconomy, together with appending law questions. The property teamconsists of one international lawyer, three Croatian attorneys and six Croatianassociates.

The team has22 team members, 21 Croatian lawyers and one CMS partner who is —permanently on site;ten property lawyers focusing on the hotel & leisure industry and on —property developments;an expert for property finance and project finance with 20 years of —international experience; andestablished a network of local lawyers on the tourism hot spots to ensure —quick access to the relevant authorities.

Croatia

www.cms-rrh.com

There is no other firm in Croatia that I would trust as fully on important real estate work; they are simply the best.

client feedback Legal 500 EMEA, 2009

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Contact us

Counsel to British development funds on development —of Dalmatia Capital Park, the shopping centre near Split (EUR 140 million)Counsel to a Swiss-based fund on the acquisition, —financing and project development of a 50 ha leisure and recreational facilityCounsel to European development company on —development of the biggest shopping centre in Zagreb (EUR 100 million)Counsel to a British fund on the acquisition of Hotel —Zupa d.d., VIS d.d. and other Croatian hotel companiesCounsel to an Irish construction company on the —acquisition, financing and project development of a 200 ha leisure and recreational facilityCounsel to a British fund on the acquisition of —million m² of land on the island of HvarCounsel to a British fund on the development of —a golf courseCounsel to a Scottish fund on the acquisition of —500,000 m² of land near TrogirCounsel to a British real estate developer on the —acquisition of 600,000 m² of land on the island of Hvar

Counsel to a British real estate agent on a time —share modelCounsel to a British fund on the acquisition of —5,000,000 m² of land in the Dubrovnik area (pending)Counsel to EBRD and IFC on the approx. —EUR 130 million financing in relation to a Croatian hotel chainCounsel to a Croatian hotel owner and operator on —a construction contract regarding a new hotel near DubrovnikCounsel to Salamanca Finance on the acquisition of —property development of a shopping mall in ZagrebCounsel to a Middle East fund on the acquisition of —120,000 m² of land near Split Counsel to a Russian group of investors on the acquisition of 200,000 m² of land near SplitCounsel to various investors on schemes regarding —the use and sale of touristic landCounsel to a UK fund on the development of —a shopping centre near SplitCounsel to ORCO on construction matters —Counsel to CIB Bank on the financing of a Croatian —hotel company

CMS Reich-Rohrwig HainzGregor FamiraT +385 1 48 25 600F +385 1 48 25 601E [email protected]

www.cms-rrh.com

Facts and figures

Located in Zagreb —22 team members: 21 Croatian —lawyers and one international CMS partner who is permanently on siteLanguages: Croatian, English —and German

Please note that due to client confidentiality in this country we are unable to disclose client names.


CMS Cameron McKenna’s real estate and construction team is regarded as one of the leading practices in the Czech Republic.

The Prague Real Estate and Construction team is recognised as a leading practice in the Czech Republic, consistently ranked in the top tier in the Legal 500 EMEA and Chambers Europe directories as well as the PLC Cross-border Real Estate Handbook. Our team combines both local and international partners and lawyers, which ensures that our clients benefit from extensive local knowledge as well as best international practice.

The team hasan extensive knowledge of various types of construction, development, —leasing, finance and investment documentation;experts who are familiar with the legal aspects of a wide variety of asset —classes, including office, retail, hotel and renewable; andsignificant experience in acting for a diverse range of clients on some —of the most complicated and high-profile real estate transactions in the Czech Republic.

Facts and figures

Located in Prague —Two real estate partners and four —highly experienced real estate specialistsLanguages: Czech, English and —German

Real estate is felt by many to be the firm’s area of greatest strength in Prague, whether in terms of financing, construction expertise, letting advice or assisting real estate funds.

Chambers & Partners

Czech Republic

www.cms-cmck.com

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The owners of Pinnacle Real Estate, Merrill Lynch (through its Global Principal Investments group) and the Pinnacle foundersThe sale of Pinnacle Real Estate to Arcapita, a Bahrainbased investment fund. The deal included 230,000 m² of leased warehouses and a land bank of almost 1.5 million m² for future development. The transaction involved acquisitions in four CEE countries (Czech Republic, Slovakia, Poland, Bulgaria) and Luxembourg and English and local law documentation

Honeywell s.r.o.On a lease of a new facility in Brno

Derwent LondonOn complex leasing of a commercial project and extensive real estate advice (approximately 100 lettings)

A fund managed by Pramerica Real Estate InvestorsOn the acquisition of Phase I (2006) and Phase 2 (2008) of office and retail complex A7 Arena Holesovice from ING Real Estate Development

Pradera – AM PLCOn a purchase of three retail centres in the Czech Republic in various cities – Park Hana, Ostrava Retail Park, Futurum Ostrava

Lighthouse Holdings Ltd.As a joint venture between RREEF, GTC and Benny Steinmetz Group on the EUR 76.5 million sale of the Lighthouse Vltava Waterfront Towers building in Prague 7

UBMOn many residential and commercial projects including the development, construction and sale of the projects

A fund managed by Carpathian Asset ManagementIn relation to the sale of a shopping centre in Karlovy Vary to Invesco managed fund for a purchase price ofEUR 49.6 million

DHL Exel Supply Chain, s.r.o.On the build and lease of new logistics facilities in theCzech Republic (Pohořelice)

Raiffeisen Zentralbank Österreich AG and Raiffeisen International Bank-Holding AG in a JV with a Czech private co-investorOn the acquisition of Lexxus a.s., a Czech real estate brokerage, and Hyposervis a.s., a mortgage brokerage

A Belgian based real estate firmOn the purchase out of administration and subsequent restructuring of a major pan-CEE real estate investment and holding group, including Czech subsidiaries

Orco Property GroupConstruction aspects of a number of commercial and residential projects

A large renewable energy operatorOn reviewing its land lease agreement

Contact us

CMS Cameron McKenna v.o.s.Hilary McDowellT +420 2 21098 845F +420 2 21098 000E [email protected]

www.cms-cmck.com


Our commercial real estate group has extensive experience in the property industry and is used to dealing with planning, property, development and investment transactions and disputes on portfolios of varying size and composition.

Our diverse client base includes (local and international) investors and lenders developers, occupiers, property companies, institutions and sovereign bodies.

Our experience of acting on such a wide range of transactions, coupled with a wide client base, means we have a solid understanding of the real estate industry and its surrounding issues. This enables us to provide our clients with proactive, commercial guidance as well as sound legal advice.

The team hasan impressive number of recognised industry leaders in all areas of the real —estate group;advised on some of the largest and most complex projects in the UK market; —the necessary resources and experience to undertake all categories of —property work efficiently; andestablished industry body groups that ensure we are informed and able to —tailor our work specifically to our client’s needs.

I would say that in comparison to other firmsI‘ve used, CMS are head and shoulders above the rest.

Major UK financial institution

England and Wales

www.cms-cmck.com

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Berkeley GroupAdvising Berkeley Group in connection with the —regeneration and development of the Royal Arsenal complex at Woolwich, which was formerly the headquarters of the Royal Engineers, one of the main munitions factories in the UK and the original home of Arsenal football club. The development involves more than 2,500 residential units, commercial and hotel premises, and public museums. The proposed Crossrail railway is to be constructed on part of the site and agreements have been negotiated to facilitate the financing and construction of a station with commercial and residential development above it.

Henderson Global Investors Advising on the Retail Warehouse Fund acquiring and —managing assets such as the mixed-use and retail scheme at The Brewery, Romford and The Fort Shopping Centre, Birmingham

Ignis Asset Management Advising Ignis Asset Management on acquisition, —disposal and letting work on numerous funds managed by them such as the acquisition of a 50 unit centre to Sevenoaks, Kent for approximately GBP 28 million

IVG Acting for the buyer and one of the joint venture —partners in the acquisition of 30 St Mary Axe (the Gherkin); at GBP 600 million, this is the highest price ever paid for a single office building in the UK at the time

Moorfield GroupAdvising on their joint venture with Hines Reit in —acquiring, in the summer of 2010 Brindleyplace, Birmingham, the largest investment transaction to date in Birmingham.

Pramerica Advising on numerous purchases of investment —property – such as 85 Fleet Street, 11 Pilgrim Street, 65 Grosvenor Street and 20 Grafton Street, London at prices ranging between GBP 32 million and GBP 76 million

PRUPIMWe have exclusive mandates to act for the M&G —Property Portfolio and the Scottish Amicable Life, Net and Exempt Funds, all of which are managed by PRUPIM.For example we acted for PruPIM on the acquisition of —a portfolio of 44 hotels from Mitchells & Butler. This was a three-way transaction also involving Travelodge. Travelodge acquired the hotel businesses from Mitchells & Butler and the hotels were leased-down to Travelodge as part of a circa GBP 80 million deal.

Quinn GroupActing for Quinn Group in a major called-in planning —enquiry and integrated pollution control and judicial review challenges relating to the construction of the largest glass factory in Europe



Contact us

CMS Cameron McKenna LLPEdward BenzecryHead of Real EstateT +44 20 7367 2741E [email protected]

www.cms-cmck.com

Facts and figures

Located in Bristol and London —21 real estate partners and over —45 lawyersDedicated environmental, —construction, disputes, planning, tax and finance specialistsLanguages: English, French, —German and Spanish

Value Retail Advising Value Retail plc on the syndicated refinancing —of Bicester Village (the bespoke outlet village) for more than GBP 190 million.

Wellcome Trust Advising on the sale of their commercial property —portfolio, split between two different buyers, for a purchase price in excess of GBP 90 million

RREEFActing on various investments for a number of funds —such as the acquisition of the Saxon Square Shopping centre in Christchurch for GBP 20.5 million and the acquisition of 30 Cannon Street, London for GBP 45 million

Sainsburys Advising the supermarket chain on the portfolio —acquisition of 33 Somerfield and Co-op stores from the Co-operative Group throughout England adding a substantial amount of square feet to Sainsbury’s growing business. In addition we have acted in connection with the sale and leaseback of state of the art distribution centres around the UK of approximately 600,000 square feet each

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With more than 80 years’ experience, CMS Bureau Francis Lefebvre ranks amongthe foremost business law firms in France.

Both small and mid-sized businesses and large corporations recognise andvalue our multidisciplinary capabilities. Our real estate group advises Frenchand foreign clients on all legal and tax aspects and relies on a strong expertisein private and public law, M&A and French and international tax law.

The team hasa strong experience:

property sale and purchase directly or through corporate vehicles: —land, industrial, commercial and residential properties, individual assets or block sales;construction contracts, assistance to property owners and developers; —property management: commercial leases (negotiation, finalisation, rent —reviews, eviction), professional and residential leases;town planning: national and local town planning regulations, planning —permissions, taxes and contributions, retail planning approvals;environment: pollution and facilities requiring a licence, audits of property —assets and operating premises;property financing; —tax planning related to investment structures, VAT and local taxes; and —tax advice and planning for French and foreign companies qualifying as —French REITs (SIICs).

CMS BFL is active in real estate transactions, the firm is also involved in commercial leases and corporate aspects of property

Legal 500, 2007

France

www.cms-bfl.com

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Contact us

UnibailStructuring and tax advice in connection with the —public offer on the shares of Rodamco Europe taking into account the requirements of both the Dutch and French REITs regimes with the assistance of Derks Star Busmann; this offer resulted in the creation of the largest European commercial real estate companyAdvising Unibail on a day-to-day bais on legal aspects —including leases, planning law, real estate, construction

BlackstoneAdvising Blackstone in the structuring and financing of —its European healthcare platform Vitalia and in connection with all the French investments realised since mid 2006

Perella WeinbergAdvice in connection with the structuring of the —European fund Perella Weinberg Real Estate Partners

Major automotive US groupAdvising in all property sales and purchases on all legal —aspects (including leases)

Buffalo GrillAdvising the shareholders of Buffalo Grill, France’s —leading theme restaurant chain, in the selling of the company, operating in 287 sites including eight in Spain, to Colony Capital

LBO FranceAdvising LBO France in the sale of 100% shareholding —in the Finhotel to WL Paris Holding SAS

FidemurAdvising Fidemur in its disposal and quotation through —a dual track process

Didot-BottinAdvising Didot Bottin in the sale of Groupe de Divonne —(casino, hotels and golf) to group Partouche

Barwa Real Estate Investment CompanyAdvice on the acquisition of the Paris international —conference centre (investment of over EUR 400 million)

CMS Bureau Francis LefebvreTax: Jean-Yves CharriauT +33 1 4738 4402F +33 1 4738 5668E [email protected]

Legal: Jean-Luc TixierT +33 1 4738 5679F +33 1 4738 5555E [email protected]

Corporate: Philippe RosenpickT +33 1 4738 5605F +33 1 4088 3478E [email protected]

www.cms-bfl.com

Facts and figures

Located in Paris, Lyon, Strasbourg, —Brussels, Buenos Aires, Casablanca, Montevideo, Moscow, São Paulo and ShanghaiMore than 400 associates —including 85 partnersLanguages: English, French, —German, Italian, Mandarin, Russian and Spanish



CMS Hasche Sigle’s real estate group is an industry leader in Germany providing a full range of services in real estate, property, construction and environment, tailored to the specific needs of our clients.

Our far-reaching experience ranges from construction project managementand realisation to the advising of financial institutions regarding internationalreal estate funds. The success of the real estate group is attributable to ourconsistently thorough and comprehensive approach to projects as well as ourpersonal contact and communication with clients.

The team hasthe versatility to adapt to the specific needs of your mandate; —in-depth understanding of the markets in which you operate; —expertise in a German environment coupled with extensive experience in the —international arena;the trust of many leading financial and real estate enterprises a range of loyal —long-standing clients;clients among leading national and international companies in the —construction industry;insight into all legal aspects of project development; and —a full understanding of environmental legislation and procurement law. —

The market commended this ‘young and structured’ team for the quality of its advice and‘professional approach’.

Chambers Global

Germany

www.cms-hs.com

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Accor Advice on the sale of a hotel in Munich to Invesco Real —Estate as part of a European sale-and-lease-back transaction covering 5 hotels in 4 European countries with a total volume of EUR 154m

AllianzComprehensive advice related to tenancy and real —estate law for all Allianz properties in Germany, covering around 1,000,000 m² of rental space in total as well as advice on numerous matters in relation to real estate law, in particular the proposed sale of a portfolio in former East Germany

Arise Technologies CorporationAdvice on setting up a solar cell factory in one of —the new federal states incl. establishing a German subsidiary, in particular advice on the purchase of real property, financing and the construction and planning agreements

Axa Investment Managers Deutschland GmbHAdvice on the sale of two commercial properties in —Duesseldorf (Königsallee) and Rosenheim and of a residential real estate portfolio with 5 properties

Berlin Brandenburg International Airport (BBI) Advising BBI with regard to the construction of the —new Berlin Airport including anti-claim-management vis-à-vis various contractors. The project is one of the largest German infrastructure projects with a value of more than EUR 2.5 billion

Bilfinger Berger groupParticipation in bidding procedure for the planning, —construction and operation of a new TGV track in France (LGV SEA)

Cordea Savills LLPAdvice on sale of numerous shopping and specialist —store centres with volume of approx. EUR 300 million, incl. negotiation of purchase agreements and due diligenceAdvice on real property law relating to the asset —management of all real properties of the German Retail Fund

Credit Suisse Real Estate Fund InternationalAdvice on an ongoing basis on asset management, —draft of sample lease agreements, assertion of claims against insolvent tenant Woolworth

Generali Deutschland Immobilien GmbHAdvice on the sale of seven properties with a total —value of approx. EUR 120 million Advice on an indirect investment in the UK on the acquisition of a holding in a fund of the Rockspring group

Hesse Newman Capital AGAdvice on qualification attached to building permit —for a closed property fund and on the acquisition of an office complex leased by Siemens in Duesseldorf

Hochtief/Max Bögl (Joint Venture)

Advice on the construction of the U55 underground —shuttle in Berlin. Negotiation of amendments and construction period issues with respect to complex tunnel and extension work

IVG Immobilien GmbHAdvice on sale of a commercial property in Ulm —Litigation on handling of a purchase agreement relating to a real property in Berlin


Contact us

CMS Hasche SigleThomas J. MeyerT +49 40 37630 315F +49 40 37630 40515E [email protected]

Dirk RodewoldtT +49 711 9764 163F +49 711 9764 914E [email protected]

Hermann StapenhorstT +49 30 20360 1601F +49 30 20360 2000E [email protected]

www.cms-hs.com

Facts and figures

Located in Berlin, Cologne, —Duesseldorf, Dresden, Frankfurt / Main, Hamburg, Leipzig, Munich, Stuttgart and in Belgrade, Brussels, Moscow and ShanghaiOver 80 legal advisers in real —estate, construction and environmentLanguages: German, French, —English, Spanish, Dutch, Swedish and Russian

Topdanmark/PKAAdvice to a joint venture comprising two Danish —investors with approx. 20 real property transactions to develop a real property portfolio with a value of approx. EUR 100 million

Louis Vuitton Deutschland GmbH Advice of a comprehensive nature on lease law —regarding all lease agreements in Germany with more than 6000 m² leased area in total

Sol MeliáAdvice on lease of a hotel project in Berlin (Tryp brand) —near the new headquarters of the Federal Intelligence Service and lease of a hotel project in Duesseldorf (Innside Meliá brand)

The Carlyle GroupAdvice on the development of office and business —premises in a central location in Stuttgart


Ormai és Társai CMS Cameron McKenna’s focused strategy in Hungary has realised more success in real estate than in any other sector. The firm is recognised by clients and competitors alike as pre-eminent for all aspects of construction and real estate advice.

We work with a wide variety and number of domestic and internationalclients, carrying out the full range of property services, and are regularlyinvolved in many of the leading property transactions in Hungary.

The team hasa reputation as the leading real estate practice in Hungary; —significant experience in relation to a range of property-related issues; —environmental specialists within the wider team; —the critical mass needed to conduct the largest of property transactions; and —advised on the highest profile real estate deals in Hungary; and —ongoing acknowledgement by independent legal directories as the best —Real Estate practice in Hungary.

The market commended this ‘young and structured’ team for the quality of its advice and‘professional approach’.

Chambers Global

Hungary

www.cms-cmck.com

Facts and figures

Located in Budapest —One partner and eight lawyers in —the real estate teamDedicated environmental —specialistsLanguages: English, German —and Hungarian

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Mosaic Property LLP Advised on the acquisition of two office buildings —in Budapest, HungaryAdvised on the forward purchase of 12 park shopping —malls in Hungary

TMW Pramerica Advised on the forward purchase of two retail parks —

Atenor GroupAdvised on the acquisition, development and lease —of a major property site of around 10 acre as the new headquarter of a major Hungarian bank

EuropolisAdvised on the acquisition of a land for a major —Greenfield development near Budapest Advised on the closing of the acquisition of the IP West —office building in Budapest

FuturealAdvised on the development and forward purchase —of a shopping centre the so called Corvin Átrium in Budapest

IberdrolaAdvised on all property law aspects regarding the —development of several wind farms in Hungary

Raiffeisen EnergyAdvised on all property law aspects regarding the —development of several wind farms in Hungary

ProLogisAdvised on the acquisition of a development site —for a future logistic park in Fót, near Budapest

Eurohypo

Advised Eurohypo on the property law aspects of the —financing and development of Tópark office and retail park located in the outskirts of Budapest

Sedesa, a Spanish business group

Advised throughout the negotiation of an agreement —relating to a MotoGP circuit. The first MotoGP circuit in Hungary, a unique project with a very strong media publicityAdvised throughout the preparation work for the —development of a logistic park in Hungary

Union Investment

Advised on the forward purchase of an office building —the so called Krisztina Palace in Budapest.

Contact us

Ormai és TársaiCMS Cameron McKenna LLPGábor CzikeT +36 1 48348 19F +36 1 48348 01E [email protected]

www.cms-cmck.com


CMS Adonnino Ascoli & Cavasola Scamoni is a leading Italian law and tax firm.

CMS Adonnino Ascoli & Cavasola Scamoni combines an excellent reputation for the highest standards of integrity and expertise of a long established practice with the approach and resources of an international legal and tax firm. Our clients benefit from our knowledge and experience of contractual, administrative, environmental and tax issues and our ability to effectively liaise with surveyors, architects, notaries and other professionals usually involved in real estate transactions.

The team hasexperience in advising foreign clients in relation to real estate transactions; —advised on legal and tax issues arising from property and property-related —transactions; andan understanding of specific requirements of clients from the most diverse —industries in real estate transactions.

CMS are definitely seen as one of the toplegal firms.

Leading internationalfinancial services group

Italy

www.cms-aacs.com

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Contact us

Italian publishing groupAssistance in relation to the acquisition of industrial —premises near MilanAssistance in relation to the construction of new —printing facilities in northern Italy

Italian parking operatorAssistance in relation to concession contracts for the —construction and management of parking facilities —

Swiss groupAdvice on lease and related agreements with a —developer for new logistic premises and warehouses in northern Italy

Italian property investorAdvice on the lease of office premises to an —international oil company

International bankAdvice on lease agreement for new Italian —headquarters

International luxury hotel operatorAdvice in relation to construction contract for new —hotel in Milan

International hotel groupAdvice to international hotel group in relation to —acquisition of hotel premises for major hotel in Rome

European bankAdvice to lenders in relation to the refinancing of a ski —resort and partial conversion of the development in residential properties

Italian utility companyAdvice to a major utility company (waste) in relation to —the transfer of warehouses and workshops as part of the transfer of one of its business divisions

Foreign investor and developerAssistance in relation to the international acquisition of —office and commercial premises (entire building), at the time in the course of redevelopment by the seller

CMS Adonnino Ascoli &Cavasola ScamoniMarco CasasoleT +39 06 4781 51F +39 06 4837 55E [email protected]

Federico RaffaelliT +39 06 4781 53 05 / 06F +39 06 4782 31 39E [email protected]

www.cms-aacs.com

Facts and figures

Located in Rome and Milan —More than 60 lawyers and tax —expertsLanguages: English, French, —German, Italian and Spanish



The second largest economic power in Africa, with a strong internal market, Morocco offers a cultural openness, political stability and economic dynamism which attract many investors.

The legal and tax requirements of the country are no less complex and require a level of expertise that CMS Bureau Francis Lefebvre Morocco has due to its significant experience, by virtue of which we meet the requirements of our clients dealing with property portfolios.

The team hasin-depth industry knowledge allowing us to provide clients with assistance —for an efficient and secure deal for purchasing property in Morocco;the ability to combine best international practice in tax and legal aspects with —a strong understanding of the domestic market; andthe capacity to negotiate with government authorities and provide assistance —with the conclusion of investments agreements.

CMS Bureau Francis Lefebvre is “very active on tourism-related tax” for clients including foreign real estate investors.

European Legal 500, 2007

Morocco

www.cms-bfl.com

35


Contact us

Bouygues GroupLegal and tax assistance to the group on the —construction of the Tangier–Mediterranean port (investment: EUR 250 million).

Thomas CookRegarding the creation of the most important hotel —complex of Agadir (960 beds)

Accor, Orco and Thomas & PironRegarding the project of investment in the construction —of a tourism complex by convention with the Moroccan State (around EUR 500 million)

BeachComber/Royal PalmIn the set-up of a tourist hotel complex in Marrakech —(EUR 180 million)

Banyan Tree (Asian luxury hotel group)

In its acquisition of small hotels based in Morocco —(EUR 50 million)

Qatari Diar

Concerning a 1.2 billion USD real estate and tourism —investment project,tax advice and assistance for the negotiation of —contracts with Moroccan government

CMS Bureau Francis Lefebvre MarocT +212 522 27 77 18F +212 522 48 14 78

Wilfried Le Bihan(Head of Casablanca office)T +212 661 46 89 28E [email protected]

www.cms-bfl.com

Facts and figures

Located in Casablanca —13 associates and a partner —Languages: French, English, —Arabic, Spanish and German


With over 220 lawyers, civil law notaries and tax advisers, CMS Derks Star Busmann is one of the top ten firms in the Netherlands.

We offer a broad range of legal services and represent a diverse portfolio ofclients in various sectors including national and multinational enterprises andboth public and private organisations.

The team hasa reputation as one of the leading real estate practices in the Netherlands; —a multidisciplinary organisation to provide practical full-service solutions; —Specialists in real estate transactions, real estate funds, project development, —PPP, lease, construction law, environmental law and procurement;a client portfolio that includes institutional investors, construction companies, —housing associations, project developers and public authorities.

Facts and figures

Located in Amsterdam, Utrecht, —Arnhem and Brussels220 lawyers, notaries and tax —lawyers advising on real estate, corporate, finance, M&A and tax60 lawyers, notaries and —tax lawyers in dedicated Real Estate / Construction & Environment sectionLanguages: Dutch, English, —French and German

The lawyers at CMS Derks Star Busmann’s property and government practice come up with creative solutions and do a good job working together as a team.

Chambers Europe, 2009

The Netherlands

www.cms-aacs.com

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Contact us

OVG Projectontwikkeling B.V.Ongoing EUR 300 million development of the —‘Rotterdam’, the largest office/hotel scheme in Rotterdam

Royal BAM Group N.V.Ongoing advice and arbitrations regarding commercial —real estate and infrastructural works

UK investorAcquisition of the Wölbern portfolio with a value —of EUR 1.3 billion

UnibailTax advice on the takeover of Rodemco by Unibail —

Q7All legal advice on project finance, engineering, —procurement and construction of a 120 Mw offshore windpark

Leidsche RijnAdvice on environmental law, property development —and spatial planning in relation to the “Centrumplan Leidsche Rijn”. Development of 53,000 m² on houses, shops and offices (EUR 400 million).Advised property developer on its refinance of its —EUR 165 million credit facility with ABN AMRO Bank NV and the granting of new money facilities by ABN AMRO Bank NV and SNS Property Finance BV

Don Bosco case, EU court of Justice. Ongoing court case which has changed the PAN —European interpretation with respect to “building land”

ArnhemBart van MeerT +31 26 3538 111F +31 26 3538 593E [email protected]

www.cms-dsb.com

CMS Derks Star BusmannAmsterdamRoland BosT +31 20 30163 23F +31 20 30163 37E [email protected]

UtrechtWillie AmbergenT +31 30 2121 791F +31 30 2121 167E [email protected]

Arno MoretT +31 30 2121 516F +31 30 2121 161E [email protected] Frank LeyendeckersT +31 30 2121 671F +31 30 2121 167E [email protected]



CMS Cameron McKenna’s real estate practice has been repeatedly rated among the best ones by other law firms in Poland.

In annual surveys, conducted by Rzeczpospolita, the leading Polish economic and political daily, CMS Cameron McKenna’s real estate practice has been repeatedly rated by other law firms among the best ones in Poland. Foreign investors in particular benefit from the team‘s ability to combine best international practice with a strong understanding of the domestic market.

The team hasa reputation of a leading real estate practice in Warsaw; —environmental specialists within the wider team; —the critical mass needed to conduct the largest of property transactions; —pioneered the first institutional investment lease in Poland; —advised on the highest profile real estate deals in Warsaw; and —real estate lawyers who specialise in advertising German and Austrian —investors and can conduct negotiations and documentation in English, Polish and German.

The ‘excellent and knowledgeable’ CMS Cameron McKenna Dariusz Greszta Spólka Komandytowa ‘always responds promptly and lets us feel it is there for us’. The team advised a German fund managed by WestInvest on the purchase of Deloitte House, an A-class Warsaw office building. Tomasz Kurek, Wojciech Koczara and Wojciech Szybkowski are recommended.


Poland

www.cms-cmck.com

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Contact us

RREEF Investment Advising RREEF Investment on its purchase of —Grunwaldzki Center, a prime office building located in Wrocław.

WestInvestAdvising on the purchase of Deloitte House, an —A-class office building located in Warsaw.PZU- Advising on the aquisition of a portfolio of —warehouses in Poland

British Property Fund Advising on forward purchase transactions of logistics —centres in Poland

Uniqa Real EstateAdvising Uniqa Real Estate on project development —issues related to a forward purchase transaction in Poland

Leading European energy provideAdvising on property issues in relation to a major —investment project consisting of the construction of a wet FGD unit and the construction of a new energy block

CMS Cameron McKennaDariusz Greszta Spółka KomandytowaTomasz KurekT +48 22 520 5570F +48 22 520 5556E [email protected]

Wojciech KoczaraT +48 22 520 5583F +48 22 520 5556E [email protected]

Lidia Dziurzyńska-LeipertT +48 22 520 5659F +48 22 520 5556E [email protected] Wojciech SzybkowskiT +48 22 520 8402F +48 22 520 5556E [email protected]

www.cms-cmck.com

Facts and figures

Located in Warsaw —Dedicated environmental —specialistsFour real estate partners and —12 real estate lawyersLanguages: Polish, English, —Russian and German


The Bucharest team continues to play a prominent role in the real estate sector and acts on a number of high profile investment transactions and development projects in the Romanian market.

This is due to the range and depth of expertise we bring to our clients, the quality of our lawyers and the commercial approach we take in finding solutions for their businesses. We work with a wide variety and number of domestic and international clients, carrying out a full range of property services and are regularly involved in many of the leading property and property financing transactions in Romania. The practice’s workload is therefore diverse, including construction, leasing, due diligence, acquisitions, sales and general property management.

The team hasin-depth industry knowledge allowing us to provide clients with commercial —and informed advice;the ability to combine best international practice with a strong understanding —of the domestic market;experience of complex major projects in the region; and —a reputation as a leading real estate practice. —

From start to finish, the service was note perfect.

European Legal 500

Romania

www.cms-cmck.com

41


Contact us

VINCIAdvice on two development projects: Victoria office building (1999 – 2001) and Orhideea commercial centre (2000 – 2004); the advice comprised land title searches, drafting of contracts (sales, leases, co-ownership regulations, partnership with municipalities and state-owned enterprises, settlement agreements with neighbours), negotiations, representation before authorities and supervision of litigation

S-PARKAdvising the owners and developers of one of the largest business office parks in Romania in a private auction sale to Immoeast Group, a major Austrian real estate fund – reported to be the most significant real estate transaction to date in Romania in terms of value.

Iberdrola RenovablesAdvising Iberdrola Renovables in the negotiation and signing of an agreement for the acquisition of the rights over a significant portfolio of wind farms in Romania. Also, CMS Bucharest advised Iberdrola Renovables, the global leader in wind energy on available legal structures for acquiring rights on locations for wind-farm projects in Romania, as well as on regulatory framework relevant for wind farm projects.

AtenorAdvised Atenor, a leading Belgian real estate investor (regional client for CMCK in South-East Europe), on land purchase and partnership agreements on an ideally situated plot, allowing the phased construction and development of a series of office and shopping buildings in Bucharest (with a total useable area of 60,000 m²)

BouyguesHotel building project including co-ownership issues and property title issues Rehabilitation of the Palace of Justice building including issues related to the public procurement process; construction contract; association contract with Romanian contractor Major developer Construction and development of a major shopping mall in Bucharest Investor Acquisition of the Red Europe House office building in Bucharest

CMS Cameron McKenna SCADan MaresT +40 21 4073 853F +40 21 4073 900E [email protected]

Dan CiupalaT +40 21 4073 817 F +40 21 4073 900 E [email protected]

www.cms-cmck.com

Facts and figures

Located in Bucharest —Eight partners and 17 senior —associatesLanguages: English, French, —Italian, German and Romanian



Russia

www.cmslegal.ru

Our real estate, construction and property finance team is ranked as one of the top real estate firms in Russia.

This is because of the level of expertise we bring to our clients, the quality of our lawyers and the commercial approach we take in finding solutions for their businesses.

The team hassignificant experience in relation to a range of property-, construction- and —development-related issues;advised borrowers and lenders alike on property financings and refinancings; —assisted on both acquisitions and disposals; —real estate lawyers who regularly draft and conduct negotiations in Russian —and English; andthe ability to call upon the resources of the CMS member firms. —

Vlad Sourkov was recognised as the “best of the best” along with 12 other lawyers in Russia in 2010.

“Best Lawyers” ranking 2010, Vedomosti

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Aareal Bank on the EURO160 mln refinancing of the Ritz Carlton —Hotel in Moscow

A German bank on the USD 450 mln secured property financing of five —Marriott and Holiday Inn hotels in Moscow

A major local developer representation of landlord in the leasing of several —hundred thousand square meters of warehouse premises in Moscow, Saint Petersburg and other regions of Russia to various tenants, including fit-out arrangements, preliminary lease and lease negotiations

A European retail developer

representation of landlord in the leasing of several —hundred thousand square meters of retail premises in a shopping mall in Saint Petersburg to various tenants, including fit-out arrangements, preliminary lease and lease negotiations

A leading European car manufacturer

on all phases of the construction cycle in connection to —the implementation of a major production plant construction project in Kaluga Region

A leading European retail and office developer on the development of new shopping malls in various —regions of Russia, including land acquisitions, zoning, permits and other city-planning issues

Siemens on the acquisition of a class “A” office building in —Moscow for its regional headquarters

RREEF on several acquisitions of properties in St Petersburg —and various regions of Russia

An American developer on the joint venture with a Russian developer for the —development and operation of a warehouse facility in the Moscow region

A European investment fund on a joint venture with a Russian developer to develop —and sell residential property in the Moscow region

A European retaileradvising on the acquisition of land plots in the regions —of Russia for the purpose of further development

A major German retaileradvising on the acquisition of land plots, corporate —structure and development of “Do It Yourself” supermarkets



Contact us

Vladislav SourkovT +7 495 786 3069F +7 495 786 4001E [email protected]

Ivan GritsenkoT +7 495 786 4044F +7 495 786 4001E [email protected]

Georgy KovalT +7 495 786 4068F +7 495 786 4001E [email protected]

Elisabeth PestlT +7 495 786 3041F +7 495 786 4001E [email protected]

www.cmslegal.ru

Facts and figures

21 partners, three real estate —partnersLanguages: English, French, —German and Russian


Scotland

www.cms-cmck.com

Our real estate, construction and property finance team is ranked as one of the top real estate firms in Russia.

This is because of the level of expertise we bring to our clients, the quality of our lawyers and the commercial approach we take in finding solutions for their businesses.

The team hassignificant experience in relation to a range of property-, construction- and —development-related issues;advised borrowers and lenders alike on property financings and refinancings; —assisted on both acquisitions and disposals; —real estate lawyers who regularly draft and conduct negotiations in Russian —and English; andthe ability to call upon the resources of the CMS member firms. —

Ian Parker is a leader in real estate law, recommended for his thorough knowledge and vast experience in transactions.


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Sainsbury’s Advising the supermarket chain on various supermarket —and convenience store developments and acquisitions including a brownfield site requiring clean up prior to full development. Advising on the 6 Scottish properties within a larger —United Kingdom portfolio of Somerfield and Co-op stores from the Co-operative Group adding a substantial amount of square feet to Sainsbury’s growing business.

Flextronics International Advising Flextronics International Limited on their —Scottish property portfolio, including the surrender of an existing lease with interim licence to occupy and forward sale agreement of a large warehouse and office complex.

International Renewable Energy Client Advising on the proposed of a large-scale wind farm —development in Scotland, including advising on impact of crofting law and other local issues. Advising on securing exclusivity for the development of —a portfolio of identified wind farm site areas, including advising on template option and lease and other development and operational documentation.

Falk Renewables plc / West Coast Energy Limited Advising Falck Renewables plc on various wind farm —developments, including Ben Aketil and Millennium, involving option and lease agreements, section 75 planning agreement, together with site and generating capacity extensions.

Advising on the development of Tullo Wind Farm —including option and lease agreements as well as site assessment, transport and planning agreements. Advising also on neighbour leases and successfully defending interdict seeking to overturn planning up to the Court of Session (Inner House).

Svenska Handelsbanken AB Advising Handelsbanken in its first transaction in —Scotland through its Edinburgh office, in providing funding and taking security with full property review for a mixed-use development project. Subsequently acting for the client on the property aspects of a number of development and refinancing projects.

IVGActing for the buyer and one of the joint venture —partners in the acquisition of Broadway (former STV Studios at Cowcaddens, Glasgow) for a mixed-use development scheme including offices and hotel.

Diosynth Ltd Advising on decommissioning and sale of a chemical —processing plant for commercial development, including environmental assessment and clean up, preparation of seller’s pack, negotiation and sale.

Aker Group Advising Norway’s largest private company in entering —into a Lease of a high profile new-build office linked to the termination of two separate office leases and an option on a further new-build office building, thereby providing consolidation and an expansion platform for a key oil and gas client, completed against a demanding timescale.



Donside Limited Advising Donside Limited on the purchase and —development of a contaminated former paper mill site for an urban village development and associated hydroelectric scheme.

Kerr-McGee Oil Limited Advising on the restructuring and disposals of over —350,000 square feet of office space in Aberdeen in a sale and leaseback arrangement with novel refurbishment scheduling obligations.

Zolfo Cooper: Celebrations Group Limited (in Administration)

Acting for the Administrators in a pre-package sale, —negotiating the Scottish elements of this high profile insolvency, including the Sale Agreement, assignations of leases and letters of consent all to a tight timescale, providing a “one-stop shop” for our clients through our Edinburgh and London offices.

Contact us

CMS Cameron McKenna LLPTimothy PittPartnerT +44 131 220 7678E [email protected]

www.cms-cmck.com

Facts and figures

Located in Edinburgh and —Aberdeen One real estate partners and —eight highly experienced real estate specialists Environmental, planning and —disputes capability in addition to projects and transactional Languages: English, French, —Italian


The real estate, construction and development team is regarded as theleading practice in Slovakia.

The team offers the full range of legal services for construction projects in Slovakia.

The team hasworked for banks, international investors, development companies, —insurers and the Slovak Government;advised on buying land, zoning and permitting issues, construction —contracts, letting, structuring and exiting projects;been working in Slovakia since 1992. —

The lawyers handle a variety of mandates on both the borrowers’ and lenders’ sides, and are skilled in acquisition, project and real estate finance.

Chambers Global and Chambers Europe, 2009

Slovakia

www.cms-cmck.comwww.cms-rrh.com www.rc-cms.sk

51


Letisko M.R. Štefánika − Airport Bratislava, a.s.Advised on the construction —of a new passenger terminal in Bratislava

Slovak Ministry of TransportAdvised on three PPP projects for motorway —construction

Bilfinger BergerAdvising on a regular basis with respect to questions of —Slovak property and construction law in particular relating to construction contracts

KBC/CSOBAdvised on its financing of the Ballymore EUROVEA —development in Bratislava, one of the largest ever Slovak real estate and construction financings

Developers BZ Group and GRUNTAdvised on residential developments including exit to —international investors

PramericaAdvised on investment into a retail project in Martin —

Bank Austria Creditanstalt

Advised on various property finance transactions —

BaumaxAdvised on the development of its 35-store network —

HYPO Investmentbank Advising on refinancing of four shopping centers in —Lučenec, Nové Zámky, Ružomberok and Zvolen together with performance of due diligence.

Raiffeisenlandesbank NÖ-Wien Advising on financing of land plot purchase and —establishment of a new shopping center in Snina together with performance of a complex due diligence.

Solar Energy projectTitle report and Slovak law issues relating to solar —energy plant development

Contact us

Ian ParkerT +421 9 15244 839F +421 2 32333 443E [email protected] Peter ŠimoT +421 2 32333 444F +421 2 32333 443E [email protected]

Nina DubovskáT +421 2 32333 444F +421 2 32333 443E [email protected]

www.cms-cmck.comwww.cms-rrh.comwww.rc-cms.sk

Facts and figures

Located in Bratislava —Ten lawyers in the real estate, —construction and development teamLanguages: Slovak, English, —German, Russian and Hungarian


CMS Albiñana & Suárez de Lezo is a highly reputed and well regarded, independent Spanish law firm that was originally founded in 1927 and that joined CMS in January 2005.

CMS Albiñana & Suárez de Lezo’s real estate practice has wide experiencein advising and representing clients, and in handling large-scale real estatedeals involving the financing and extensive review of planning, property andconstruction law.

We advise clients on the best available real estate deals and financing for theacquisition, promotion and construction of property (e.g. residential, officebuildings, retail hypermarkets and shopping malls), industrial premises andcategory-specific projects (e.g. senior citizen homes). We also advise clientson the most efficient sale and/or use of real estate through tax planningrelated to direct use or lease of the property.

The team hascomprehensive, timely and top-quality legal services; and —a traditional one-on-one client-attorney approach to the practice of law —combined with the fast-paced, solution-oriented requirements of today’s challenging business environment.

Experience is the name of the game at this domestic player


Spain

www.cms-asl.com

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Contact us

AcquisitionsAcquisition of distressed assets (plots, buildings, —dwellings) for various financial entities for more than EUR 300 million

SalesSale of office buildings and plots of land in Madrid for —EUR 40 million

Sale and leasebackSales and leaseback of offices for an important Spanish —utilities company

Hotels & LeisureLease of a hotel to Grupo Accor —

Car ParksAdvice to Banco Santander on the financing and later —syndication process on the construction and operation of Car Parks in various Spanish provinces (Alicante and Bilbao)

Planning and regulatory adviceEQUIDOSA (Palacio Municipal del Hielo de Madrid): —advice in planning issues in several procedures started by Madrid MunicipalityCULTUS OPERA PRODUCCIONES, S.L.: advice in the —application of several licences for the development of an Opera Theatre, Auditorium and TheatreIBERDROLA RENOVABLES: planning advice in several —mattersAYUNTAMIENTO DE NAVALCARNERO: advice in the —transactional agreement regarding the sale of plots to Vallehermoso División Promoción, S.A.U. for an amount of EUR 188 millionPROMOMADRID DESARROLLO INTERNACIONAL DE —MADRID, S.A.: advice in the drafting of a project of update and improvement of the planning law of the Autonomous Community of MadridOTHER CLIENT: advice to several land owners in the —compulsory sale to a municipality of 400,000 m² of urban plots

CMS Albiñana & Suárez de Lezo, S.L.P.José Miguel Martín-ZamoranoT +34 91 4519 295F +34 91 4426 632E josemiguel.martinzamorano@

cms-asl.com

Javier Torre de Silva y López de LetonaT +34 91 4519 321F +34 91 4429 735E [email protected]

www.cms-asl.com

Facts and figures

Located in Madrid, Marbella, —Seville23 partners and over 70 lawyers; —seven lawyers in the real estate teamLanguages: English, German, —French and Spanish



The CMS von Erlach Henrici real estate practice area group is an industry leader in Switzerland.

We provide a full range of services in real estate, property and real estatedevelopments, tailored to the specific needs of our institutional clients(real estate funds, real estate companies, pension institutions).

The team hasthe critical mass to conduct large property transactions; —significant experience in relation to a range of property-related issues; —a reputation as one of the leading real estate practices in Switzerland; and —advised on the highest profile real estate deals in Switzerland. —

Over the past twelve months, the group worked with its roster of international and domestic clients on a whole variety of matters.


Switzerland

www.cms-veh.com

55


Contact us

SihlcityA new shopping/entertainment centre in Zurich —(full-fledged legal representation of the investors); Sihlcity is the largest privately financed real estate project in Switzerland (investment of CHF 620 million)

Sale and leaseback transactionsAcquisition of a warehouse (purchase price of —CHF 40 million, annual lease of CHF 3 million)Acquisition of an office building (purchase price of —CHF 13 million, annual lease of CHF 1 million)

InvestorsAcquisition of various real estate portfolios (due —diligence, contract negotiations and drafting etc; in 2008 transaction volume of CHF 600 million)

Special investmentsPurchase of three properties and construction of an —office building, tailor-made for a single user (30,000 m² of office space, investment of CHF 100 million, annual lease of CHF 6 million)Representation of a mezzanine lender in the financing —of real estate transactionsAsset transfer agreements for real estate portfolios —(according to the recently enacted Swiss Merger Act): six office buildings in six Swiss cities (purchase price of CHF 150 million)Representations of investors re. acquisition of ready to —use hotel complexes

CMS von Erlach Henrici, LtdStefan GersterT +41 44 2851 111F +41 44 2851 122E [email protected]

www.cms-veh.com

Facts and figures

Located in Zurich —Approximately 60 lawyers; six —lawyers in the real estate teamLanguages: German, English, —French, Italian and Spanish



CMS’ Real Estate & Construction Group combines in-depth local knowledge as well as international best practice.

Opening the office in Kyiv in summer 2007 underlines our undoubted strength asa leading firm in the region. It opened with five partners and twelve associates and continues to grow.

Our Ukrainian real estate team has extensive experience in the Ukrainian property market and has advised Ukrainian and international clients in all aspects of real estate law and construction, including construction loans, commercial financing, mortgage lending, acquisitions and sales of commercial real estate, property and land leasing, and licensing of construction companies.

The team hasacted in the acquisition of green-field and established developments of —various sizes, including apartment complexes, class “A” hotels, office buildings, shopping centres, mixed-use developments, as well as residential and commercial premises;assisted international property investment funds and developer clients on —national and international structures to facilitate property acquisition and financing;advised developers and property managers in the areas of leasing of —shopping centres;advised developers and purchasers regarding environmental and land —use matters; andassisted with the construction financing of major residential and commercial —development projects.

The firm’s international and local lawyers combine depth of experience, regional scope and a dedicated team to provide our clients with consistently high-quality legal services in the Ukrainian real estate and construction sector.


Ukraine


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A global leader in the production of appliances for home and professional use

Advising a global leader in the production of appliances —for home and professional use on signing a framework agreement for the acquisition of a factory and other assets in Ukraine

Kulczyk Oil VenturesConducting due diligence of the company’s business —(including analysis of special permits, licensing commitments, extensive land issues involving 4 gas fields, located on 26 land plots, and regulatory compliance); advising on construction of wells, rigs and further commissioning procedures

European wind farm developerAdvising on land (including agricultural land) allocation —and rezoning issues in relation to a 500 MW, 180 wind mill start-up wind farm project on 300 hectares in Zaporizhzhya Oblast, as well as establishment of servitudes and safety zones for electricity lines and wind turbines

NDI, an international road developer from Poland, Advising NDI on the preparation and execution of —concession agreements regarding the construction and operation of toll motorways in Ukraine

NestlePerforming a full scope due diligence report of LLC —Technocom, a Ukrainian food processing and distribution company, including verifying the legitimacy of the title to land and the availability of permits and approvals required in the course of construction and commissioning of the factory.

German concrete producerAdvising a German concrete producer on leasehold —rights to a quarry in the Dnipropetrovsk region following the loss of ownership rights to a property complex, as well as issues connected with the protection of a mining license

Major European food companyActing on the acquisition of land plots in Ukraine —

Leading European logistics developerActing on the acquisition of a land plot by a Ukrainian —entity wholly-owned by a non-resident

Japanese industrial corporationActing on the acquisition of ownership/use rights for —private and state-owned land by both Ukrainian and foreign persons;Assisting with the allocation of the land plots, including —the permits for the development of the land allocation project, obtaining approvals of the land allocation project with state authorities and executions of the land lease/sale and purchase agreements

Leading international chain of household goods stores

Advising on procedures for the signing of property —lease agreements, eligibility to conclude lease and pre-lease agreements;Assisting with the major stages of the construction —process as well as necessary consents, permits and approvals required to be obtained by the developer in the course of the construction process;Advising on procedures for obtaining a certificate of —ownership to a building and requirements established for the connection to utilities – e.g. power, water, gas, sewage, traffic solutions, environment, fire safety;


An international bankActing on the real estate-related legal due diligence of —one of the biggest shopping, exhibition and office centres in Odessa and related land plots, including compliance with rezoning and allocation of the land plots, execution of the land lease agreements, as well as the availability of permits and approval required in the course of construction and commissioning of the Riviera Property Complex Shopping and Office Centre.

Contact us

CMS Cameron McKenna LLCDaniel BilakT +380 50 44039 28E [email protected]

Olga ZaplatinskaT +380 95 27072 32E [email protected]

www.cms-cmck.com

CMS Reich-Rohrwig Hainz TOVAndriy PrykhodkoT + 380 44 50335 46E [email protected]

Johannes TrenkwalderT + 380 44 50335 46E [email protected]

www.cms-rrh.com

Facts and figures

Located in Kyiv —30 lawyers and five highly —experienced real estate specialistsLanguages: English, Ukrainian, —Russian, Turkish, Czech and French


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© C

MS

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CMS Legal Services EEIG is a European Economic Interest Grouping that coordinates an organisation of independent member firms. CMS Legal Services EEIG provides no client services. Such services are solely provided by the member firms in their respective jurisdictions. In certain circumstances, CMS is used as a brand or business name of some or all of the member firms. CMS Legal Services EEIG and its member firms are legally distinct and separate entities. They do not have, and nothing contained herein shall be construed to place these entities in, the relationship of parents, subsidiaries, agents, partners or joint ventures. No member firm has any authority (actual, apparent, implied or otherwise) to bind CMS Legal Services EEIG or any other member firm in any manner whatsoever.

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